Leader in Third Party & Supplier Risk Management Software on G2 and #1 for Best Relationship. Venminder's dedication to vendor risk management means you get all the features and capabilities you could possibly need. Create a home for all things vendor. Then, use Venminder's tools and capabilities to track, manage, assess and report on those vendors.
With the SaaS platform, you can manage the entire vendor risk lifecycle and processes in the cloud, no matter where you are. Purpose-built configurable software platform that centralizes "all things vendor" and allows teams to effectively collaborate together for program efficiency. Streamline due diligence and avoid needing to add costly internal resources with Venminder's Control Assessments.
With the SaaS platform, you can manage the entire vendor risk lifecycle and processes in the cloud, no matter where you are. Purpose-built configurable software platform that centralizes "all things vendor" and allows teams to effectively collaborate together for program efficiency. Streamline due diligence and avoid needing to add costly internal resources with Venminder's Control Assessments.
Services
Vendors
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By becoming proactive, you can shorten your sales cycle and avoid the lengthy time spent finding documentation and completing questionnaires. Create your online profile in a secure environment, populate it with your important due diligence documents and pre complete industry standard questionnaires.
Software Overview
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Venminder is a recognized leader of third-party risk management. Our platform provides you with all the capabilities to run a successful program that is aligned to today's best practices and enables you to meet strict regulatory guidelines. It allows you to effectively and efficiently organize, track and report findings on your vendors throughout the lifecycle of the relationship.
New Vendor Onboarding
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Before signing a contract with a third-party service provider, the company needs to be verified to ensure they meet your needs, come with the level of risk with which your organization is comfortable and have the appropriate controls to mitigate that risk. Failure to complete appropriate due diligence prior to contracting with a vendor could leave your organization open to vulnerabilities that could be damaging to your reputation.
Contract Management
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Before you sign a contract with a vendor, it gets reviewed and negotiated to ensure it meets the standards as defined in your vendor management program. However, after you sign a contract, you do not just file it away. Instead, you monitor and maintain it over time to ensure the agreed upon provisions are being adhered to and processes followed.
Risk Assessment
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Assessing risk on your third parties is one of (if not THE) most important exercises in a third-party risk management program. Defining both the inherent and residual risk of third parties guides the vast majority of due diligence and oversight activities.
The maturity, methodology and approaches of an organization's third-party risk management efforts will vary from organization to organization depending largely on the tenure of the program, the size of the organization and the collective risk represented by the volume of vendors under management.Venminder's Risk Assessment Modules were developed to be expandable and adaptable to support your organization's standards.
The maturity, methodology and approaches of an organization's third-party risk management efforts will vary from organization to organization depending largely on the tenure of the program, the size of the organization and the collective risk represented by the volume of vendors under management.Venminder's Risk Assessment Modules were developed to be expandable and adaptable to support your organization's standards.
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